Carving out clear jurisdictions for the SEC and CFTC may ease investor concerns over ambiguous securities laws. The long-awaited White House report on cryptocurrency policy recommendations may bring an end to years of regulatory uncertainty for digital asset companies, many of which have struggled with unclear guidance regarding securities laws. US President Donald Trump’s Working Group on Digital Assets released its crypto policy report on Wednesday, outlining recommendations on market structure, banking regulations and methods to bolster the US dollar’s dominance through stablecoins and crypto tax laws. One of the report’s key proposals is a division of responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The CFTC will gain authority over spot crypto markets, addressing longstanding concerns about overlapping or conflicting enforcement. Read more
Bitcoin tries to recover from its trip below $112,000 as BTC price volatility keeps the market in a state of flux. Bitcoin (BTC) starts the first full week of August at a crossroads as market nerves combine with a BTC price bounce. After bouncing from three-week lows, BTC price action is fielding mixed targets with bigger August volatility expected. The market environment is now fundamentally different from Bitcoin’s old all-time highs from January, analysis says. Read more
Making the US energy grid more resistant to shocks and maximizing grid uptime is central to the Trump administration’s AI strategy. Blockchain technology can help modernize the US electrical grid by marshaling human labor and stranded resources to create decentralized energy infrastructure, according to Cosmo Jiang, a general partner at venture capital firm Pantera. “All of civilization from the beginning of time has been built on the coordination of incentives, and blockchain is just a new way to incentivize people in a decentralized way that wasn't possible before,” Jiang told Cointelegraph in an interview. The VC explained that companies in the gig economy have devised ways of allowing people to monetize their free time and resources outside of their normal working hours through freelance commitments. Blockchain can tap into this by coordinating unused infrastructure, labor, and resources to build out a decentralized energy grid, Jiang said: Read more
The Tron founder said it has been a long-time dream to travel to space and reflected on the fragility of the planet following his return. Justin Sun, founder of the layer-1 Tron blockchain network, returned safely from a commercial spaceflight on Saturday, alongside five other crew members aboard Blue Origin mission NS-34. The other crew members included the founder of venture capital firm Alpha Funds, J.D. Russell, entrepreneur Gökhan Erdem, real estate investor Arvi Bahal, meteorologist Deborah Martorell, and philanthropist and teacher Lionel Pitchford. Sun placed a $28 million bid for a seat aboard Blue Origin spaceflight NS-34 in 2021 and won the first reservation for the scheduled mission. Read more